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CLIENT NEWS: Robert Rivani’s Black Lion pays $63M for Miami Beach mixed-use building

April 23, 2024

Robert Rivani’s Black Lion hunted down its biggest purchase in South Florida to date, but will have to compete with other heavy hitter developers in Miami Beach’s office market. The Miami-based commercial real estate investment firm paid $62.5 million for a Miami Beach mixed-use building, The Real Deal has learned. Black Lion is paying at a 42 percent discount off the previous sale price seven years ago. Black Lion acquired the ground lease for The Lincoln, a six-story building with[...]

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CLIENT NEWS: 10-story project planned near Hialeah transit station

May 11, 2022

A shopping center near the Hialeah Tri-Rail/Metro Transfer Station could be redeveloped into a 10-story multifamily tower. The City Council will consider the small-scale land use amendment and a variance request for the 0.62-acre site at 1067 E. 25th St. on May 10. It would change from “commercial” to “transit-oriented development district” to take advantage of the public transit station one block to the east. This would continue the trend of redeveloping the largely commercial and industrial sites around Hialeah's[...]

CLIENT NEWS: Scale Model of Major Supertall Tower Planned In Brickell: Planning Comments Released

May 11, 2022

Developer JDS has released a photo of a scale model of their Major supertall tower planned on Brickell Avenue. The 82-story, 1,049-foot project also continues to move through the approval process with Miami-Dade planners. On April 14, Miami-Dade planners released comments to the initial design, with a request for: Wider sidewalks More landscaping Pedestrian access prioritized over driveway access Electric vehicle charging stations and bicycle parking Shade trees instead of palm trees proposed at ground level Major is planned to[...]

CLIENT NEWS: Vertical Construction Underway At Miami Beach’s Tallest Tower Ever

May 10, 2022

At the entrance to South Beach, vertical construction now appears to be underway at the Five Park tower, which is set to become the tallest ever in Miami Beach. A tower crane was installed in recent months for the 44-story tower, which will rise 546 feet. Five Park will become an “iconic landmark,” developers have said. It will have 280 residential units. According to Mayor Dan Gelber, the adjacent 3-acre public park that was built by developers as part of[...]

CLIENT NEWS: Developers Unveil Plans For The Gardens at Lincoln Lane

May 10, 2022

Miami Beach commissioners voted last week to move forward with several mixed-use developments to replace surface parking lots serving Lincoln Road in South Beach. One of the development teams also revealed more details of the project they plan to build, to be called The Gardens at Lincoln Lane. The Gardens at Lincoln Lane will be developed by a joint venture between Starwood Capital Group, Integra Investments and The Comras Company, under an entity called Lincoln Road Property Owner L.P. The[...]

CLIENT NEWS: Jon & Vinny’s, milk + honey & more at The Goodtime Hotel

May 10, 2022

The Goodtime Hotel in South Beach, backed by rapper Pharrell Williams and hospitality tycoon David Grutman, scored eight new tenants. They are: Jon & Vinny’s, a Los Angeles restaurant offering Italian food; milk + honey spa; juice and smoothie brand Pure Green; designer vintage eyewear store Vintage Frames Company; gym franchise F45; alternative medicine provider Binske, which offers legal cannabis products; the luxury watch and jewelry store VAULT; and swimwear company Vilebrequin, according to a news release from hotel developers Michael[...]